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Mar 4, 2013 4:00pm EST
to be seen whether these laws will be implemented or whether they'll be watered down. back over to you. >> all right. thank you. so will capping compensation put companies at a disadvantage to their global counterparts? what happens and does it have an impact on the markets in the u.s.? tom coran thinks capping pay is absurd and anti-competitive. andrew stoldman says it's a great idea and we should do it here in the united states. good to talk with you, gentlemen. tom, why not rein in compensation for executives? we know a lot of people talk about them, attack the banking sector because of it. why are you against this? >> well, it's not a question of whether the pay is outsized. particularly as compared to mine. but the question is whether they are delivering value to the companies. and the best and the brightest do deliver value. they deliver value to the shareholders ultimately. and i think ultimately what you'll see is a talent drain. i think switzerland which benefits from companies moving there are going to see people moving elsewhere. i think you're going to see the sharehold
Mar 6, 2013 4:00pm EST
because they actually broke the law is going to hurt the world economy. i don't get that. >> the keynote everyone brings up is of arthur anderson. if you bring charges against a firm, does it damage the firm and if the firm is so big that it collapses and impacts the global economy, is that something the justice department should consider even if they think there's illegality there. >> all right. eamon. thanks so much. eamon javers. of course, many blamed the banks for the great recession, something we came out much sooner than expected or do we. joining me right now to talk about that is my guest, the economist from the economic cycle at research institution and says we're actually in a recession right now, about the same we had after the crisis but a recession nonetheless. he's here to make the case. >> thank you. >> let's first talk about the economy. you say we're in a recession. >> yes. >> how so. we saw growth last career in gd? >> did we. >> it was up 0.1%. >> you're right. >> it was anemic. >> just to be clear. at the end in late 2011 we said that we thought we'd in a rec
Search Results 0 to 1 of about 2